Global HD Map for Autonomous Vehicles Market 2023-2027

Global HD Map for Autonomous Vehicles Market 2023-2027

Technavio has been monitoring the HD map for autonomous vehicles market and is forecast to grow by $5,384.84 mn during 2022-2027, accelerating at a CAGR of 31.48% during the forecast period. Our report on the HD map for autonomous vehicles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in adoption of autonomous vehicles, rising adoption of cloud-based HD maps, and accuracy and precision offered by HD maps.

Technavio's HD map for autonomous vehicles market is segmented as below:

By Solution

• Cloud-based
• Embedded

By Vehicle Type

• Passenger
• Commercial

By Geography

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the growth in connected infrastructure as one of the prime reasons driving the HD map for autonomous vehicles market growth during the next few years. Also, rise in advancements in 5G technology and rise in strategic partnership among HD maps vendors will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the HD map for autonomous vehicles market covers the following areas:

• HD map for autonomous vehicles market sizing
• HD map for autonomous vehicles market forecast
• HD map for autonomous vehicles market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HD map for autonomous vehicles market vendors that include Alphabet Inc., Baidu Inc., BMW AG, CE Info Systems Ltd., Civil Maps, Dynamic Map Platform Co. Ltd., Esri, GeoMate, Intel Corp., Jakarto Cartographie 3D Inc., Magnasoft Spatial Services Inc., Mapbox Inc., Momenta Group, NavInfo Co. Ltd., Navmii Publishing Ltd., NVIDIA Corp., Telenav Inc., The Sanborn Map Co. Inc., TomTom NV, Toyota Motor Corp., and Wipro Ltd. Also, the HD map for autonomous vehicles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.